Quick Sweep Ltd. manufactures industrial sweepers for cleaning malls and other commercial space. All sales are on account, with terms n/45. During the year ending October 31, 2020, Quick Sweep recorded sales of $9,228,000. The companys bookkeeper prepared the following aging schedule as at October 31:

Receivable Amount		Number of Days Outstanding	Estimated Percentage Uncollectible
	$725,000		Less than 45	2%
	683,000		45 to 90	6%
	195,000		90 to 120	15%
	109,000		More than 120	30%

The Allowance for Doubtful Accounts had a credit balance of $40,500 before the year-end adjustment was made. (a) Prepare the adjusting entry to bring Allowance for Doubtful Accounts to the desired level. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)